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Real Estate News
Is This (Finally) The Bottom?
For more than two years, the GTA real estate market – from new builds to resale – has been on a downward trajectory. Has that finally changed?
Oct 10, 2024
Development Projects
Seven Years After $245M Sale, 1608 W Georgia In Vancouver Remains Dormant
The 1608-1616 W Georgia Street site in the West End of Vancouver was formerly home to a White Spot that was sold for $245 million in December 2017.
Finance
How The Numbers Behind Mortgage Switching Might Change Amid OSFI’s New Rules
Eliminating the stress test from renewals with a new lender not only makes things easier for borrowers, but facilitates more competition in the financial sector.
Policy
The Chair Of The Planning & Housing Committee On Toronto's Housing Crisis
Following an impromptu speech at last week's Committee meeting from Councillor Gord Perks, some in Toronto's development industry are up in arms over Perks' denial that fees and zoning are playing a role in the City's housing crisis.
Elegance Meets Modern Charm At This Serene Summerhill Family Home
Sitting pretty on one of Summerhill’s most coveted streets, 109 Roxborough Street West is a prime example of century home elegance merged with modern-day charm.
Industry
65% Of Small Toronto Condos Are Owned By Investors
In light of Toronto and Vancouver's condominium conundrum, where prices for shoebox units remain high despite plummeting sales and rising inventory, StatsCan has released data demonstrating the role that investors may play in the issue.
Construction
High Interest Rates Resulted In 30,000 Fewer Housing Starts In 2023: CMHC
According to modeling by the CMHC, interest rates decreased housing starts by about 30,000 units, a decline of 10 to 15%.
Urbanity Fair
Digging In The Wrong Direction: How Ford’s 55 km Tunnel Misses The Mark For Ontario’s Future
Premier Doug Ford's proposal to build a 55 km-long underground highway tunnel raises serious concerns about the future of transportation and urban planning in Ontario, according to Urban Planner Naama Blonder.
Real Estate News
Why Developers See Penticton As The Okanagan Valley's Next Hotspot
Penticton, located south of Kelowna in the Okanagan Valley, has seen more and more interest from both buyers and developers in the past few years.
Construction
‘There’s Going To Be A Crisis’: New Condo Construction Is Heading Toward A Cliff
“This is not something where you can flick a switch and all of a sudden we have deliveries. We know that if we're not starting anything in ‘25, there are going to be no deliveries in ‘28.”
Construction
Gap Between Population Growth And GTA Housing Stock At 50-Year High
"This is a bright red warning light on the dashboard for all levels of government. Without bold steps, the housing crisis in the GTA is going to get far worse in the years ahead," says President and CEO of BILD David Wilkes.
Development Projects
Bosa Properties Planning 5-Tower Bristol Project In Surrey After $170M Acquisition
The Bristol project is set for 13301 104 Avenue in Surrey, near the Parkway and University District projects also by Bosa Properties.
Industry
Mizrahi’s Stakes In Yorkville Luxury Condo, Vaughan Pre-Con Sold By Court Order
Both project comes from Sam Mizrahi — the Toronto real estate developer whose name was splashed across headlines after being forced off The One earlier this year.
Listed Commercial
ONE Development Selling 49-Storey Randolph Theatre Project On Bathurst
The project was being planned for 736 Bathurst Street and has been listed by CBRE alongside 555, 557, and 565 Markham Street.
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